Chemicals Industry

Chemicals Industry

The chemicals market comprises of companies that manufacture and sell different types of chemical products such as biobased chemicals, rubber processing chemicals, crop protection chemicals, water treatment chemicals, agro-chemicals, and others. The chemicals industry is an integral part of the overall industrial sector and contributes significantly towards the economic and industrial growth of a nation. The global chemicals market has undergone significant structural changes in the recent past. These factors make the chemicals market highly fragmented and competitive, as it portrays an array of niche sectors.

The chemicals market is affected by elements such as stringent government regulations, carbon emission policies, and chemical manufacturing locations. Key market players in the global chemicals market are focusing on manufacturing green products to control pollution issues. Manufacture of chemicals that would least pollute the environment in any way is the strongly emerging trend that the leading companies in the chemicals market are responding to.

Carbon emission policies and changing government rules will remain the two most important restraints on the global chemicals market. The increasing need to manufacture environment-friendly chemicals is expected to drive the global chemicals market. By geography the global chemicals market is classified into North America, Europe, Asia Pacific, and Rest of the World. Some of the leading players in the global chemicals market are Bayer, BASF, E.I. Du Pont de Nemours, Dow Chemical, Henkel, Praxair, and others.